Time to review Medicare health coverageThe fall season brings many changes, including possible changes to your health and prescription drug coverage. By Sept. 30, insurance plans send out annual notices of change.
The fall season brings many changes, including possible changes to your health and prescription drug coverage. By Sept. 30, insurance plans send out annual notices of change. These notices detail the ways in which plans may change each calendar year. These can mean changes to the plans’ premiums, formularies and benefits. It is important to carefully read and review these changes so you can decide if your plan will continue to meet your needs in 2014.
Medicare also sends out the “Medicare & You” 2014 Handbook toward the end of September. This book contains useful information about Medicare benefits, rights and protections. Watch for it in the mail and keep the book handy as a reference guide. You can also download a copy at www.medicare.gov.
If your plan is leaving the Medicare program, you would have received information by Oct. 2. Plans began sending out marketing materials Oct. 1. You can use this information to compare plans if you need to make a change. The Medicare Annual Enrollment Period begins today and ends Dec. 7. Changes you make during this period will become effective on Jan. 1.
If you need help reviewing your health or prescription drug coverage, an elder benefit specialist can help find a plan to meet your needs, and assist with enrollment into Part D prescription drug plans. Don’t forget to ask about Medicare Savings Programs or Extra Help with prescription drug costs.
The Medicare Annual Enrollment Period is not part of the new Health Insurance Marketplace. In fact, it is against the law for someone who knows that you have Medicare to sell you a Marketplace Plan.
Call Rhoda Nagorski, or Luann Teige at 715-394-3611 for more information or to make an appointment.